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Croly, Herbert David, 1869-1930

"The Promise of American Life"

Their crusade against
the "Money Power" meant that in their opinion money must not become a
power in a democratic state. They had no objection, of course, to
certain inequalities in the distribution of wealth; but they fiercely
resented the idea that such inequalities should give a group of men any
special advantages which were inaccessible to their fellow-countrymen.
The full meaning of their complaint against the Bank was left vague and
ambiguous, because the Bank itself possessed special legal privileges;
and the inference was that when these privileges were withdrawn, the
"Money Power" would disappear with them. The Western Democrat devoutly
believed that an approximately equal division of the good things of life
would result from the possession by all American citizens of equal legal
rights and similar economic opportunities. But the importance of this
result in their whole point of view was concealed by the fact that they
expected to reach it by wholly negative means--that is, by leaving the
individual alone.


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